Magnolia Oil & Gas Corporation (MGY) financial statements (2021 and earlier)

Company profile

Business Address NINE GREENWAY PLAZA
HOUSTON, TX 77046
State of Incorp. DE
Fiscal Year End December 31
SIC 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments19314911714618316497
Cash and cash equivalents19314911714618316497
Receivables82616178106121127
Other current assets4544556
Other undisclosed current assets4011021
Total current assets:282215183229293292230
Noncurrent Assets
Operating lease, right-of-use asset    455
Oil and gas property, successful effort method1,1501,1701,1811,2103,1173,1803,235
Long-term investments and receivables 222120201919
Long-term investments 222120201919
Intangible assets, net (including goodwill)9131720242731
Intangible assets, net (excluding goodwill)9131720242731
Other noncurrent assets7854455
Other undisclosed noncurrent assets6778444
Total noncurrent assets:1,1721,2191,2311,2623,1733,2413,301
TOTAL ASSETS:1,4531,4341,4131,4913,4663,5333,531
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:6363658679187197
Accounts payable6363658679  
Other undisclosed accounts payable and accrued liabilities     187197
Other liabilities666156859644
Total current liabilities:129124120171175190201
Noncurrent Liabilities
Long-term debt and lease obligation391391390390390390389
Long-term debt, excluding current maturities391391390390390390389
Liabilities, other than long-term debt94107100101173169157
Asset retirement obligations881019897949392
Deferred income tax liabilities   3787462
Other liabilities6611122
Total noncurrent liabilities:485498490491563559546
Total liabilities:614622611662738749747
Stockholders' equity
Stockholders' equity attributable to parent5485335275431,7761,7701,740
Treasury stock, value(39)(23)(17)(17)(10)(10) 
Additional paid in capital1,7131,7091,7061,7041,7031,7051,673
Retained earnings (accumulated deficit)(1,125)(1,153)(1,162)(1,144)837567
Stockholders' equity attributable to noncontrolling interest2912802752869521,0141,045
Other undisclosed stockholders' equity0000000
Total stockholders' equity:8398128028292,7292,7842,784
TOTAL LIABILITIES AND EQUITY:1,4531,4341,4131,4913,4663,5333,531

Income statement (P&L) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Gross profit:14912183181230245243
Operating expenses(107)(99)(109)(2,146)(207)(217)(199)
Operating income (loss):4322(26)(1,964)232844
Nonoperating expense(1)(9)(7)(7)(7)(7)(7)
Other nonoperating income (expense)4(0)0(0)(0)0(0)
Interest and debt expense(1)  (1)(1)  
Income (loss) from continuing operations before equity method investments, income taxes:4113(33)(1,972)152136
Other undisclosed income from continuing operations before income taxes1  11  
Income (loss) from continuing operations before income taxes:4213(33)(1,971)162136
Income tax expense (benefit) 0376(2)(4)(5)
Net income (loss):4214(29)(1,895)141731
Net income (loss) attributable to noncontrolling interest(14)(5)11668(6)(7)(13)
Net income (loss) attributable to parent:289(18)(1,227)81119
Other undisclosed net loss available to common stockholders, basic     (3) 
Net income (loss) available to common stockholders, diluted:289(18)(1,227)8819

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):4214(29)(1,895)141731
Comprehensive income (loss):4214(29)(1,895)141731
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(14)(5)11668(6)(7)(13)
Comprehensive income (loss), net of tax, attributable to parent:289(18)(1,227)81119

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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